It also owns Bet.Works, a first-in-class sports betting platform, Monkey Knife Fight, the fastest growing daily fantasy sports site in North America, and SportCaller, a leading global B2B free-to-play game provider. It currently owns and manages 13 casinos across nine states, a horse racetrack and 13 authorized OTB licenses in Colorado. Accommodations include a 243-room hotel tower and a 95-room boutique hotel.īally's Corporation is the premier, full-service, vertically integrated sports betting and iGaming company in the U.S. The complex also includes 11,000 square feet of convention space adjacent to the casino, and a Riverfront Event Center located across the street, which includes 10,000 square feet of convention space overlooking the Ohio River. Tropicana Evansville maintains 79,000 square feet of enclosed space, including 45,000 square feet of casino floor, four dining venues, a race and sportsbook, and back of house space. Bally's expects this transaction to be immediately accretive to earnings. Both leases are governed by a master lease agreement with GLPI, which has an initial term of 15 years and includes four, five-year options.Īs a result of this structure, no cash outlay was required by Bally's at closing. GLPI also acquired the real estate associated with Bally's Dover Downs casino for $144 million, which it is leasing back to Bally's for $12 million per year, subject to escalation. ('GLPI') acquired the real estate associated with the Tropicana Evansville casino for $340 million, which it is leasing to Bally's for $28 million per year, subject to escalation.

As part of the transaction, an affiliate of Gaming & Leisure Properties, Inc. As we continue to implement our growth and diversification strategy with precision, we are excited to welcome the Tropicana Evansville into the Bally's family and look forward to the opportunity to provide our first-in-class land-based and interactive entertainment offerings to the Indiana gaming market.'Īs previously announced, Bally's acquired the Tropicana Evansville for $140 million.

George Papanier, President and Chief Executive Officer of Bally's Corporation, said, 'The Tropicana Evansville acquisition closing marks another major accomplishment in what has already been a truly remarkable year for Bally's.

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